Coffee export prices recovered to their highest level due to concerns about supply shortages from Vietnam

According to congthuong.vn According to Eurostat data, in the first 9 months of 2023, the European Union (EU) reduced coffee imports from the world, a decrease of 6.8% in volume and a decrease of 7.5% in value compared to the same period last year. 2022, reaching 3.11 million tons, worth 14.51 billion EUR (equivalent to over 16 billion USD). However, the EU increased coffee imports from Vietnam, an increase of 10.8% in volume and an increase of 11% in value, reaching 558.6 thousand tons, worth 1.28 billion EUR (equivalent to 1.41 billion VND). USD). Vietnam's coffee market share accounts for 8.81% of the EU's total import turnover from the world. The coffee consumption tastes of EU people have changed and the bilateral free trade agreement EVFTA helps the Vietnamese coffee industry increase value and continue to expand market share in the EU in the coming time. According to forecasts of the US Department of Agriculture (USDA), the European Union's (EU) green coffee imports will ...